MacNN | Kodak still talking to Apple, Google about patent buy
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Kodak still talking to Apple, Google about patent buy
Wednesday, November 14, 2012 @ 4:44pm

Kodak is still in talks with Apple and Google about a purchase of its patent portfolio, Reuters reports. The news comes as Kodak has been granted an extended deadline, until February 28th, to keep exclusive control of its bankruptcy case. Kodak claims that it's "confident" its patents will sell for a $500 million minimum, needed to secure a $793 million loan.



The loan deal has yet to get court approval, but is essential for Kodak's long-term plans. The company is hoping to leave bankruptcy protection in the first half of 2013, and resume with a new focus, concentrating less on consumers than the commercial imaging market. Apple and Google have previously led separate investor groups looking into buying Kodak's patents, but their bids were valued at no more than $250 million, far below a $2.6 billion Kodak estimate. The auction process was supposed to close in August, but was postponed after Kodak couldn't finalize deals with a collection of interested parties. Despite Kodak's troubles, the patents may be an important strategic buy. The company owns a number of patents related to digital imaging, which could be used as both offensive and defensive weapons in the lawsuit-drenched electronics industry.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Most Recent Stories:

  • Alienware ships compact Alpha 'Steam Machine' gaming PC - 8:25 AM EST
  • UK government wants IP addresses logged for counter-terrorism purposes - 6:08 AM EST
  • First Look: Google Nexus 9 - 5:49 AM EST
  • Weekly Game Replay: Double Fine layoffs, $10B Call of Duty franchise - 8:20 PM EST
  • Yahoo acquires photo-aggregation application developer Cooliris - 5:06 PM EST
  • Xiaomi looking to overtake Apple, Samsung in the next 10 years - 3:27 PM EST
  • Samsung launches tactical ITC complaint against Nvidia's GPU line - 12:05 PM EST

    Today's iPodNN Stories:
  • Alienware ships compact Alpha 'Steam Machine' gaming PC - 8:25 AM EST
  • UK government wants IP addresses logged for counter-terrorism purposes - 6:08 AM EST
  • First Look: Google Nexus 9 - 5:49 AM EST
  • Samsung launches tactical ITC complaint against Nvidia's GPU line - 12:05 PM EST
  • Google's Android 5.0 Full Disk Encryption hindering NAND speed - 10:13 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.